Generac Holdings Inc. $GNRC Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 59.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,890 shares of the technology company’s stock after selling 12,973 shares during the period. LRT Capital Management LLC’s holdings in Generac were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of Generac by 40.9% in the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after purchasing an additional 577,933 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Generac during the third quarter worth approximately $70,744,000. Norges Bank acquired a new stake in shares of Generac during the second quarter worth $53,138,000. Victory Capital Management Inc. lifted its holdings in shares of Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares during the period. Finally, Federated Hermes Inc. grew its position in Generac by 63.5% in the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after buying an additional 291,012 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Generac from $185.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Roth Mkm restated a “neutral” rating and issued a $220.00 target price on shares of Generac in a research note on Thursday, February 12th. Robert W. Baird set a $292.00 target price on shares of Generac in a report on Thursday, February 12th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, UBS Group reissued a “buy” rating and set a $270.00 price target on shares of Generac in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.06.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Generac Stock Up 0.9%

Shares of NYSE GNRC opened at $202.36 on Tuesday. The firm’s 50-day moving average is $192.25 and its two-hundred day moving average is $174.40. The company has a market capitalization of $11.87 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.74. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $2.80 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.